Yili Industrial Group has booked a jump in first-half profits, boosted by the Chinese dairy firm’s growing market share.
Operating profit in the six months totalled CNY24.02bn (US$3.9bn), up 13.4% on the comparable period of last year. Interim net profit soared 125%, the group added.
Go deeper with GlobalData
Gains were driven by a 17.9% increase in liquid milk revenue, which Yili said was “far higher” than the market average.
The company said its brands benefited from a focus on quality at a time when high-profile scares in the Chinese dairy sector have increased the importance of food safety issues for Chinese consumers.
Click here for the full results announcement.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
